Global Footwear Market to Exceed $192 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
World Footwear Market is projected to reach 13.9 billion pairs corresponding to a value of US$192.4 billion by 2010. United States continues to lead the global footwear market, with about a third of dollar demand coming from the region. Europe, one of the largest markets in terms of value, is likely to be overshadowed by the United States and the ever-burgeoning Asian region, in years to come.
San Jose, CA (PRWEB) July 12, 2007 -- Global Footwear Market is intensely competitive, pitching large and small players alike against each other. Principal tools of competition within the industry include product design, quality, product performance, price, brand image, promotion, marketing, and customer service. Unique marketing & promotional efforts and technical innovation have become key ingredients in setting up the battle for a pie of the footwear market. A highly charged environment, the industry demands competitors to always remain on their toes.
The fashion and performance-driven US footwear market is likely to witness one of the world's strongest growth in terms of value sales with consumers increasingly becoming upwardly mobile in terms of price points afforded by them. In value terms, Asia-Pacific (excluding Japan) is projected to be the fastest growing region exhibiting a compounded annual growth rate (CAGR) of 4.8% through 2001-2010 period. Asia, particularly China & India, and Latin America are unraveling robust growth opportunities, as footwear manufacturers best their efforts to induce the price-conscious consumers to shell out bigger bucks for their favorite international brands. Revolutionary improvements in retailing and distribution formats have propped the developing economies' penchant for branded fashion footwear from the overseas. Nevertheless, affordability is still a concern, pressurizing the multinational footwear brands to stoop to domestic pricing to achieve break-even volumes. Asia-Pacific represents the largest footwear market, in terms of volume, while casual footwear is the fastest growing as well as the largest product segment, with an estimated 7 billion pairs market for 2006.
GIA's comprehensive research report titled "Footwear: A Global Strategic Business Report" analyzes similar market trends with hard-to-find data and analytics for key regions such as the United States, China, Japan, India, Germany, France, the UK, Italy, and others alongside up and coming markets such as Latin America and the Middle East.
The study also sheds light on trends, issues, and price dynamics prevalent in the industry. Also discussed are in depth competitive analysis of leading manufacturers in the footwear industry, amply illustrated with numerous data rich, market data tables depicting major research findings (market shares, gender wise preferences, sales revenues of leading retailers and distribution channel shares among others). Demand patterns quantified both in value and volume terms across major product segments include, Athletic Footwear (Aerobic, Baseball, Basketball, Cricket, Cross-Training, Soccer, Running, Tennis, Walking, Hiking, Hockey, and Athleisure among others), Casual Footwear, Outdoor/Rugged Footwear, and Dress/Formal Footwear. The study also presents historic data for an insight into market evolution over the past fifteen years.
Dominant global forces in the market are adidas, Brown Shoe, Fila, Nike, Reebok, and Timberland among others. In addition to the global leaders, the report offers detailed profiles of the dominating players in the US footwear market - Brown Shoe Company, Weyco Group, Kenneth Cole, Phoenix Footwear, Skechers, and Wolverine World Wide, among others. Bata of Canada, Puma of Germany, Gucci Group of Italy, and several other regional players are also profiled in the report. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For complete description of this research report, please visit www.strategyr.com/MCP-2782.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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